government spending has beer

government spending has beer increasing in recent years. The Senator recalled that when he was elected to the House in 1932 the entire Federal budget was less than one - third of the amount now required for the one item of interest on the public debt. In 1932 the interest on the debt was only $599,277,000. In fiscal year 1966, commencing next July, interest on the debt is estimated at $11,500,000,000. Senator Robertson’s statement follows; ‘Mr. President: While every Member of Congress would like to see the day when there is none in this country who is ill-housed; ill-clothed, or illfed, we should frankly face up to the fact that the so-called war on poverty is of the same nature as the war described by King Solomon in the 8th Verse of the 8th Chapter of Ecclesiastes, in which he said; ’and there is no discharge in that war’. “Years ago, the chief editorial writer of the Hearst papers, Arthur Brisbane, correctly summarized the fact that the poor we will have with us always, when he saic ‘As long as. there are mer with poor mrnds, there will be poor people.’ ‘In the opinion of one financial paper, published ir the city of New York, the best picture of what the current program will cost is pre sented by the cash bookkeeping budget which will show that spending in the nextfiscal year will amount to $127.4 billion, a rise of $6 billior over the present fiscal year, That paper continues to say: ‘In other words, the government now accounts for close to a quarter of the nation’s entire product, and at the rati it is going it must be askec how soon it will reach hall

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